Energy Reports: Chesapeake Energy Corporation (CHK) & Utica’s Potential, Exxon Mobil Corporation (XOM) Settles Violations

Editor’s Note: Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)

Exxon agrees to $2.4M Louisiana settlement; wants Arkansas suit dismissed (Houston Business Journal)
Irving-based Exxon Mobil Corp. has agreed to pay $2.4 million in fines, improvements and other payments to settle violations at Baton Rouge, La.-area plants. The settlement is with the Louisiana Department of Environmental Quality. Roughly $2.3 million will resolve violations from 2008 to this year at four plants, including Exxon Mobil Corporation (NYSE:XOM)’s Baton Rouge refinery. The agency said that $61,912 is for the release of naptha in June 2012 at the Baton Rouge Complex. In Arkansas, Exxon has asked a judge to dismiss a federal lawsuit over the pipeline spill in Mayflower that spilled thousands of gallons of crude oil into a neighborhood.

Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy and its former CEO suggest huge Utica potential (Part 2) (Market Realist)
The Utica Shale is an emerging play located primarily in eastern Ohio and western Pennsylvania. The play gained publicity in late 2011, as Chesapeake Energy Corporation (NYSE:CHK) revealed that it had been purchasing acreage rights in the area. Aubrey McClendon was the former CEO of Chesapeake, but he recently left the company because investors were unhappy with his management. Since his departure, the former CHK head has lined up ~$1.2 billion in financing for investment in Ohio, according to an article in the Wall Street Journal. McClendon now heads a new company, American Energy Partners, which has acquired Ohio assets from EnerVest Ltd. and affiliate EV Energy Partners LP (EVEP) as well as Royal Dutch Shell (RDS.B).

Exxon officials: Unclear why pipeline ruptured despite passing 2010 inspection (Arkansas News)
Exxon Mobil Corporation (NYSE:XOM) officials on Monday defended the safety of pipelines as a means of transporting oil and said it is too soon to say why a pipeline that had passed inspections as recently as 2010 ruptured in Mayflower earlier this year. “If you look at our country, we have a large infrastructure of pipelines and we enjoy a standard of living and affordable energy as a population in America,” ExxonMobil Pipeline Co. Vice President Karen Tyrone said in an informal meeting with reporters at the state Capitol.

Interesting January 2015 Stock Options for CHK (Forbes)
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Chesapeake Energy Corporation (NYSE:CHK). So this week we highlight one interesting put contract, and one interesting call contract, from the January 2015 expiration for CHK.The put contract our YieldBoost algorithm identified as particularly interesting, is at the $13 strike, which has a bid at the time of this writing of 45 cents. Collecting that bid as the premium represents a 3.5% return against the $13 commitment, or a 2.5% annualized rate of return (at Stock Options Channel we call this the YieldBoost).

UPDATE: Armed Robbery at Charlotte Hall Exxon (Southern Maryland News Net)
On August 25, 2013 at 2:27am, police units responded to the Charlotte Hall Exxon Mobil Corporation (NYSE:XOM) for the report of an armed robbery. Upon arrival deputies determined two subjects, one armed with an unknown type of handgun, demanded money from the clerk. The clerk complied and the suspects fled the business on foot with an undetermined amount of proceeds from the business. Sheriff’s Office K-9 units responded and conducted a track of the suspects. The track was subsequently lost in the area of the Arby’s Restaurant.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!